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Ecobank Ghana drives cash-lite agenda with Ecobankpay launch

Accra, May 14, GNA - Ecobank Ghana, in a bid
to complement government’s efforts to achieve a cash-lite society, has launched
the EcobankPay, a digital payments and collections service, to help the public
access financial services and make payments with ease.

With the launch of the EcobankPay Zone at
Osu customers and non customers of the bank could access financial services,
buy and pay for items from EcobankPay partners and Xpress points
electronically.

Speaking at the launch, Josephine
Anan-Ankomah, the Group Executive in charge of Commercial Banking at Ecobank,
said the bank was focused on leveraging its digital and mobile platforms to
enhance financial inclusion.

"Ecobank's vision is to decentralise
banking, where customers can access banking at the comfort of their homes or
any location, without physically coming to the bank," she said.

There are currently more than 250 EcobankPay
merchants along the Oxford Street and 15,000 across the country, where
customers could buy from and pay electronically without cash and about 2000
Xpress points to enhance the ease in accessing banking services.

The Group Executive Commercial Banking said
currently, about two million customers had embraced the Ecobank digital
platform.

On his part, Mr Stephen Kemetse, the
Regional Head of Transaction Services, said the EcobankPay platform aimed at
encouraging Small and Medium-Scale Enterprises to receive payment for their
sales and transfer same to their accounts.

Mr Kemetse said the processes were so
simplified to ensuring that no one was left behind in the use of the various
digital platforms to access banking services.

Ms Tara Squire, the Head of Consumer Banking
in charge of Anglophone West Africa, said Ecobank was building a "proper
ecosystem that propels better digitisation".

He said the initiative sought to complement
government’s efforts to drive the country to a cash-lite society.

The EcobankPay, however, can be used by
governments and all businesses, from small informal micro merchants to large
corporate organisations for easy and convenient payment options.